Highlights

  • Centaur expects shareholder approval for the GBP64 million tender offer to be sought in January, with capital returned in March 2026.

  • The sale of Econsultancy to Uptime App Limited has been completed with effect from 31 December 2025.

  • Net cash stood at GBP67.0 million as of 5 January 2026, including proceeds from the disposal.

Centaur Media Plc (LSE:CAU) has provided an update on its planned tender offer to return up to GBP64 million to shareholders, alongside confirming the completed sale of its Econsultancy business. The company has outlined a revised timetable for the return of capital and detailed its post-transaction structure, which will centre on its remaining Influencer Intelligence operations.

Tender Offer Preparation and Revised Timeline

Centaur Media has continued its work to prepare for a tender offer that aims to return up to GBP64 million to shareholders at a price of 48p per share. As part of this process, the company has been taking steps to ensure that it has adequate distributable reserves to support the capital return.

To meet the necessary reserve requirements, Centaur will carry out a capital reduction. This process is subject to court approval, which has extended the timeframe for completing the tender offer. As a result, the Board now expects to issue a shareholder circular seeking approval for the tender offer in January, with the return of capital anticipated to take place in March 2026.

The company noted that these procedural steps are required to ensure compliance with legal and regulatory requirements associated with returning capital to shareholders.

Sale of Econsultancy Completed

In a separate development, Centaur announced that it has entered into an unconditional sale and purchase agreement with Uptime App Limited for the sale of Econsultancy Limited. The transaction is effective as of 31 December 2025.

The Board stated that Uptime App Limited is considered a suitable acquirer for Econsultancy, citing its technology platform and established business-to-business relationships as factors expected to support the ongoing development of the Econsultancy business under new ownership.

The disposal forms part of Centaur’s broader strategy to streamline its operations and focus on a smaller portfolio of specialist assets.

Group Structure and Financial Position Post-Transaction

Following the sale of Econsultancy, the continuing Centaur Group will consist of a single trading business: Influencer Intelligence Limited. This unit includes the Influencer Intelligence and Fashion & Beauty Monitor brands.

Centaur has completed a programme to reduce its central cost base and support functions, aligning its operational structure with the requirements of managing one business rather than a multi-asset group.

As of the close of business on 5 January 2026, Centaur reported net cash of GBP67.0 million. This figure includes the initial consideration received from the disposal of Econsultancy and provides the financial capacity to support the planned return of capital to shareholders.